DRASTIC ECONOMIES
FRENCH CABINET DECISION A FIFTY PER CENT. SUPERTAX By Telegraph —Copyright—Press Assn. PARIS, July 17. Cabinet, after sitting continuously for 14J hours, the longest since the War, decided on economy decrees ( which M. Lebrun, President, signed. They include a 10 per cent, cut in all State payments, including salaries, pensions and loan interest; a 3 to 20 per cent, cut in civil service salaries; a 10 per cent, cut in rents and mortgages; the reduction of electricity, gas, bread, coal and water prices; a supertax of 50 per cent, on incomes above £1050;. a 25 per cent, tax on profits in armaments industries; and higher duties on stock exchange securities. The economies will operate immediately.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WPRESS19350718.2.13
Bibliographic details
Waipukurau Press, Volume XXX, Issue 162, 18 July 1935, Page 3
Word Count
117DRASTIC ECONOMIES Waipukurau Press, Volume XXX, Issue 162, 18 July 1935, Page 3
Using This Item
NZME is the copyright owner for the Waipukurau Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in